When it comes to investing or even just the internet in general, it can be difficult to determine how to tell what a scam is and what isn’t. Both the internet and the finance industry are full of false information, scams, and dishonest traders who inflate how high their returns really are. When investing, doing proper research is a critical first step and it is important to make sure that the research and information that you do find is legitimate and true. But how can you determine what is true and what isn’t?
In today’s article, we will discuss the importance of fact-checking information as well as some tips on how to determine what may be a scam.
Fake news is everywhere – permeating the internet and media across all industries. We see it frequently in politics, with attacks based on alleged scandals involving political figures from both democratic and republican parties – scandals that seem to disappear without a trace or explanation as soon as the media loses interest. Unfortunately, the financial industry is no different. Why? The answer is simple, anything that gets people talking is enough to become a major story and sway some consumers… if they don’t fully invest in checking the facts and questioning what they are reading.
Here is an honest example directly from FFR Trading on how to determine whether a review is truthful or if it may be based on a scam.
FFR Trading was given an illegitimate review from Camp Forex, someone that we have never done business within the past. A simple fact check would show that the review provided by Camp Forex is illegitimate, as the information provided within the individual FFR Trading review does not match up. You can research when our organization was founded and who our ownership is – which is all misrepresented in the article written by Camp Forex.
This simple misalignment of information should raise a red flag on the FFR Trading review. Still, it is best to keep digging to ensure that your questions are well founded. Camp Forex is another Forex Strategy provider – which indicates that they may be biased in their presentation of this information as a negative review of FFR Trading would equate positive review for Camp Forex.
Digging further, we find that another site, Forex 92, has alleged that Camp Forex is a scam. You can read the article written by Forex 92 here and make the judgement for yourself. We hope that this real-life example can show you the motivation behind some negative reviews and demonstrate the importance of fact checking your sources.
At FFR Trading, we pride ourselves on providing honest access to real returns that we have had for our clientele, real client testimonials and reviews, and tips on how to avoid getting scammed and build your own financial education whether you are a client of FFR Trading or not. We strive to provide all traders with unbiased information and encourage them to make their own decisions because we firmly believe that self-education is a vital step in becoming a successful trader. The point of attaining financial freedom is just that – attaining freedom. Our job is simply to provide the tools to get there. One of those tools is helping both new and experienced traders know how to tell what a scam is and what isn’t.
As always, we encourage investors to complete the research that they need to feel confident and comfortable – as well as understand what they are getting into. The finance industry is a tricky place. We encourage investors to read information from multiple sources to aid in preventing bias and request account statements when inquiring with an organization. For more tips on how to tell what is a scam and what isn’t, be sure to check out our Ebook “How to Avoid Getting Burned in the Market.” We provide an array of tips and tricks on how to identify scams, many of which we have learned ourselves through years in the markets.
Another important tip to determine scams from legitimate reviews or organizations is to complete a simple fact check by comparing information from other providers and considering whether your original source is genuine and unbiased. Just because a source receives a negative review, does not mean that the source is inherently bad. In this industry, word of mouth is a very powerful resource and a negative review, even one based on false information could push clients to choose one service provider over another.
At FFR Trading, we focus on helping our clients avoid getting scammed. We are very strict with our trader vetting process and you can view our eight step certification process by clicking here.
If you would like to hear what some FFR client reviews sound like, feel free to visit our testimonials page. If you are looking for some concrete proof, give us a call at (800) 883-0524 or contact us here to get access to some real client account statements.
Above all, do your research and keep on learning every day. Beware of scams! The market can be a difficult animal to face and scams can really set you back on your investing journey. Prioritize yourself, your financial education, and your financial freedom.
We hope that our article on how to tell what a scam is and what isn’t helped give you a guide on how to stay safe in the markets. Happy trading, everyone!